AreE.ON AG (OTCMKTS:EONGY) Shares Worth Your Dime? Jefferies Believes So

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How Jefferies Currently Rates E.ON AG (OTCMKTS:EONGY)

In an analyst note revealed to clients on 3 December, Jefferies analyst just started coverage of E.ON AG (OTCMKTS:EONGY) with Buy rating.

From a total of 1 analysts covering E.ON AG (OTCMKTS:EONGY) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is $16.86 while the lowest target price is $16.86. The mean of all analyst targets is $16.86 with a 7.14% above today’s ($9.8) stock price. E.ON AG was the topic of 5 analyst reports since July 6, 2015 according to the firm StockzIntelligence Inc. Societe Generale downgraded shares on November 17 to “Hold” rating. RBC Capital Markets downgraded EONGY stock in a recent report from September 11 to “Sector Perform” rating.

Approximately 4,421 shares of stock traded hands. E.ON SE (ADR) (OTCMKTS:EONGY) has declined 39.16% since April 30, 2015 and is downtrending. It has underperformed by 38.87% the S&P500.

AreE.ON AG (OTCMKTS:EONGY) Shares Worth Your Dime? Jefferies Believes So

E.ON SE is a Germany-based provider of energy solutions. The company has a market cap of $19.80 billion. The Company’s business is segmented into global and regional units. It currently has negative earnings. The Company’s global units include Generation, which consists of conventional generation assets in Europe; Renewables, which helps to drive renewables growth in across Europe and the world; Global Commodities, which buys and sells electricity, natural gas, liquefied natural gas (LNG), oil, coal, freight, and carbon allowances, and Exploration & Production, which is active in the United Kingdom, Norwegian North Sea and Russia.

According to Zacks Investment Research, “E.ON AG is the world’s largest investor-owned energy service provider with operations in the following businesses: energy, chemicals, real estate, oil, telecommunications, distribution/logistics, aluminum and silicon wafers.” Get a free copy of the Zacks research report on E.ON SE (ADR) (EONGY).

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